LMR Partners LLP Reduces Stock Position in Infosys Limited (NYSE:INFY)

LMR Partners LLP trimmed its position in Infosys Limited (NYSE:INFY) by 24.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,498,790 shares of the technology company’s stock after selling 472,210 shares during the quarter. LMR Partners LLP’s holdings in Infosys were worth $32,853,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in Infosys by 270.9% during the 4th quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company’s stock valued at $200,877,000 after acquiring an additional 6,693,127 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Infosys by 118.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company’s stock valued at $173,437,000 after purchasing an additional 4,296,291 shares during the last quarter. First Trust Advisors LP grew its position in Infosys by 14.5% during the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company’s stock worth $710,430,000 after purchasing an additional 4,108,903 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Infosys by 1,668.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company’s stock valued at $75,470,000 after buying an additional 3,045,656 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Infosys by 43.1% in the 4th quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company’s stock valued at $180,301,000 after buying an additional 2,478,093 shares during the period. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Stock Down 0.1%

Shares of NYSE INFY opened at $17.48 on Monday. The firm has a market cap of $72.40 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 3.50 and a beta of 0.98. The company’s 50-day simple moving average is $17.81 and its 200-day simple moving average is $20.53. Infosys Limited has a 52-week low of $15.82 and a 52-week high of $23.63.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Infosys had a net margin of 17.28% and a return on equity of 31.60%. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $420.69 billion. During the same period last year, the company posted $0.23 EPS. Equities research analysts anticipate that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INFY has been the topic of several analyst reports. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a report on Wednesday, April 23rd. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a report on Friday, January 17th. The Goldman Sachs Group cut shares of Infosys from a “buy” rating to a “neutral” rating and set a $17.90 target price for the company. in a research note on Monday, April 21st. CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Finally, Susquehanna raised shares of Infosys from a “negative” rating to a “neutral” rating and set a $17.00 target price on the stock in a research note on Monday, April 14th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.48.

About Infosys

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.